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BCG report estimates 15% increase in global private wealth

Global private wealth increased 14.6% from $132.7 trillion in 2012 to a record $152 trillion last year, driven by soaring stock markets, economic stability in the developed world and broadly accommodative monetary policies, a study published by Boston Consulting Group has estimated.

The total number of millionaire households worldwide rose from 13.7 million to 16.3 million in the 12 months ended last December, according to BCG. The US emerged as the richest nation with a private wealth of $46 trillion in 2013, twice as much as second-placed China with $22 trillion, the report said.